CLARITY Act Undergoes Revisions to Secure Democratic Support

Senate Republicans have introduced further changes to the 635-page CLARITY Act to gain Democratic support for an upcoming procedural vote. The revised bill includes an ethics framework supported by President Donald Trump, requiring officials to sell crypto holdings or move them into a blind trust. Additionally, the Blockchain Regulatory Certainty Act (BRCA) has been narrowed to exclude criminal proceedings, and a new "circuit breaker" mechanism has been added to the stablecoin yield section.